South-Eastern Asia: Self-Propelled Rock Cutter Market 2024

Self-Propelled Rock Cutter Market Size in South-Eastern Asia

The Southeast Asian self-propelled rock cutter market skyrocketed to $X in 2021, jumping by 35% against the previous year. Overall, consumption, however, continues to indicate a deep downturn. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Self-Propelled Rock Cutter Production in South-Eastern Asia

In value terms, self-propelled rock cutter production expanded to $X in 2021 estimated in export price. Over the period under review, production saw a significant expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 487%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Self-Propelled Rock Cutter Exports

Exports in South-Eastern Asia

Self-propelled rock cutter exports soared to X units in 2021, picking up by 165% against the previous year. In general, exports recorded a modest increase. The pace of growth was the most pronounced in 2014 when exports increased by 224% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, self-propelled rock cutter exports soared to $X in 2021. Over the period under review, exports recorded a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Singapore represented the major exporter of self-propelled coal or rock cutters and tunnelling machinery in South-Eastern Asia, with the volume of exports accounting for X units, which was near 79% of total exports in 2021. It was distantly followed by Indonesia (X units), comprising a 16% share of total exports. The following exporters - Lao People's Democratic Republic (X units) and Malaysia (X units) - each reached a 3.9% share of total exports.

Singapore was also the fastest-growing in terms of the self-propelled coal or rock cutters and tunnelling machinery exports, with a CAGR of +24.8% from 2012 to 2021. At the same time, Malaysia (+9.9%) and Lao People's Democratic Republic (+1.5%) displayed positive paces of growth. By contrast, Indonesia (-12.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Singapore increased by +67 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest self-propelled rock cutter supplier in South-Eastern Asia, comprising 90% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 2.6% share of total exports. It was followed by Indonesia, with a 1% share.

In Singapore, self-propelled rock cutter exports expanded at an average annual rate of +20.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Malaysia (+22.5% per year) and Indonesia (-10.7% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2021, with an increase of 40% against the previous year. Over the period under review, the export price saw a resilient increase. The growth pace was the most rapid in 2013 when the export price increased by 166% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Malaysia ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+13.0%), while the other leaders experienced mixed trends in the export price figures.

Self-Propelled Rock Cutter Imports

Imports in South-Eastern Asia

Self-propelled rock cutter imports skyrocketed to X units in 2021, with an increase of 61% against the year before. In general, imports, however, recorded a deep downturn. The growth pace was the most rapid in 2015 with an increase of 152% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, self-propelled rock cutter imports surged to $X in 2021. Overall, imports, however, continue to indicate a deep contraction. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

The purchases of the three major importers of self-propelled coal or rock cutters and tunnelling machinery, namely Vietnam, Indonesia and Malaysia, represented more than two-thirds of total import. It was distantly followed by the Philippines (X units) and Singapore (X units), together generating a 23% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Vietnam (with a CAGR of +22.9%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Malaysia ($X) constitutes the largest market for imported self-propelled coal or rock cutters and tunnelling machinery in South-Eastern Asia, comprising 54% of total imports. The second position in the ranking was held by the Philippines ($X), with a 20% share of total imports. It was followed by Vietnam, with a 12% share.

From 2012 to 2021, the average annual growth rate of value in Malaysia was relatively modest. In the other countries, the average annual rates were as follows: the Philippines (+7.2% per year) and Vietnam (+20.5% per year).

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per unit, jumping by 92% against the previous year. In general, the import price, however, recorded a mild downturn. Over the period under review, import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Malaysia ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+2.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :